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June 28, 2023
On June 14, 2023, the IRS released proposed regulations on the provisions created under the Inflation Reduction Act of 2022 (the “IRA”) that will allow developers to sell energy tax...
June 28, 2023
The existing 10-year statute of repose for builders of new homes (the ultimate cut-off date for filing suit) has been shortened to 6 years if the builder provides a 1-2-6 written warranty...
June 26, 2023
The U.S. Department of the Treasury recently issued its long-awaited guidance on two cash monetization options available for renewable energy projects under the Inflation Reduction Act...
June 24, 2023
Transferability provisions, renewable projects that qualify for nine different types of tax credits may sell some or all credits for cash. Direct Pay provisions, certain tax-exempt entities could not take advantage of federal energy tax credits can receive a cash refund
June 23, 2023
On June 14, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released two notices of proposed rulemaking regarding the direct payment of certain...
June 22, 2023
Employers can offer 401k plan participants who are age 50 or older the opportunity to defer additional compensation to their retirement accounts, more than the Code Section 402g amount, which is $22,500 for 2023. The catch-up contribution limit for 2023 is $7,500.
June 22, 2023
The IRS maintains the Employee Plans Compliance Resolution System (“EPCRS”) under which retirement plan errors can be corrected to avoid disqualification.  Section 305 of SECURE Act 2.0...
June 16, 2023
Notice 2023-43 provides helpful guidance on additional types of failures that may be self-corrected including certain demographic failures and plan loan failures that were previously ineligible.
June 16, 2023
The IRS recently issued Notice 2023-43 providing new interim guidance for self-correction of plan errors. This guidance applies to corrections made prior to the anticipated issuance of...
June 16, 2023
RESTRICTED STOCK AWARD GRANT NOTICE 2023 EQUITY INCENTIVE PLAN NSTS Bancorp, Inc. , pursuant to its 2023 Equity Incentive Plan , hereby awards to Participant, in... | June 16, 2023